"The housing market is finally stabilizing, according to a deep dive into the latest numbers by top real estate analysts and Realtors. Here's what they're seeing and what they expect for the rest of 2023."
Other Info.
In July 2023, Phoenix home prices were down 0.72% compared to last year, selling for a median price of $437K. On average, homes in Phoenix sell after 39 days on the market compared to 32 days last year. There were 1,382 homes sold in July this year, down from 1,588 last year.
In Jun '23 - Aug '23, 30% of Phoenix home buyers searched to move out of Phoenix, while 70% looked to stay within the metropolitan area.
- Across the nation, 2% of home buyers searched to move into Phoenix from outside metros.
- Los Angeles home buyers searched to move into Phoenix more than any other metro followed by Seattle and Tucson.
- 70% of Phoenix home buyers searched to stay within the Phoenix metropolitan area.
- Prescott Valley was the most popular destination among Phoenix home buyers followed by Show Low and Flagstaff.
People are moving to Phoenix from
| Inbound | Net inflow
|
|---|
| Metros |
Jun '23 - Aug '23
|
|
| 1 |
Los Angeles, CA
|
2,006
|
| 2 |
Seattle, WA
|
2,004
|
| 3 |
Tucson, AZ
|
1,438
|
| 4 |
Chicago, IL
|
946
|
| 5 |
Houston, TX
|
626
|
| 6 |
Portland, OR
|
487
|
| 7 |
San Diego, CA
|
296
|
| 8 |
Minneapolis, MN
|
279
|
| 9 |
San Francisco, CA
|
273
|
| 10 |
Denver, CO
|
271
|
